Skip to main content

About your Search

20121001
20121031
SHOW
STATION
CNN 8
CNNW 8
LANGUAGE
English 16
Search Results 0 to 15 of about 16 (some duplicates have been removed)
CNN
Oct 21, 2012 12:00pm PDT
ways, one, he'll limit the tax breaks. he'll spur economic growth because people can use that money that they'll save this taxes. it's not entirely clear how much economic growth that will produce. what is clear is that the measly 1.3% of economic growth that they achieved in the second quarter this year isn't enough to make up for the romney shortfall, and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is in doubt. kevin hasseth is an economic adviser. kevin, romney's plan seems to assume that the simple act of lowering taxes will generate enough growth to raise the revenue to pay for the steep cost of those cuts. a lot of economists disagree with that notion, the classic chicken and egg scenario. i spoke with secretary larry m sumners a few weeks ago and he can't get it to work, either. >> the reality is that every expert that's looked at it has found that cutting taxes by 20% costs $5 trillion. >> let's just get down to this. we understand this there will be certain revenues that will come in, there will be cert
CNN
Oct 20, 2012 10:00am PDT
're not using to pay taxes. it's not entirely clear that that will happen. if it does, it's not entirely clear how much economic growth that will produce. what is clear is that the 1.3% economic growth that u.s. achieved in this second quarter of this year isn't enough to make up for the romney short fall. and with the u.s. economy forecasted to grow by about 3% in 2013 and 2014, romney's plan, as attractive as it sounds, is in doubt. kevin hasset is an economic adviser for the mitt romney campaign and author of some of the economic plans. kevin, romney plans seem to assume that simple act of lowering taxes will generate enough growth to raise the revenue to pay for the steep cost of those cuts. but a lot of economists agree with that notion. it's a classic chicken and egg scenario. i talked to larry summers a couple days ago. he can't get the math to work either. >> it's easy to have an attractive tax plan if your campaign staff can make it up. the reality is that every expert who's looked at it found that cutting taxes by 20% costs $5 trillion. >> okay. let's get down to this. we understand
CNN
Oct 14, 2012 12:00pm PDT
economy and the u.s. economy. the ims cited two reasons things could get worse. first, if european leaders fail to support their ailing economies, and second, if leaders here in the united states let us plunge over the fiscal cliff. the ims sister corporation citing the same two factors cut its growth forecast for asia this week as well. that's for the next couple years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election. that depends on which of these two roads america takes on election day. i'm going to take you down both paths in this show starting with what 2016 will look look under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. i keep telling you that claim is ridiculous considering the sluggish growth we're seeing right now and the new downward revision. but for the purpose of this exercise, i'm going to take him at his word and presume a historic surge in jobs lies ahead. let's talk about taxes. next i'm going to let governor romney explain this for himself. >> well, i've made
CNN
Oct 7, 2012 12:00pm PDT
to the facts. christine has our numbers for us. christi christine? >> we have unemployment number that dropped down to 7.8%. that's down 1.8% from last month. that's one survey. another business survey shows net jobs created, 114,000 net jobs created. it's below the average for yeert, but just a few thousand more than economists had been expecting. let's show you the long term, ali. 40% of people out of work in this country have been out of work for six months or longer. there's the unemployment number. 14.7% of the labor market are either underemployed or they're working part-time, they would like to be working full-time, they're not really being used to their full potential. those are the headline numbers, ali, from that jobs report. >> christine, stay with us. the jobs report numbers were quickly, quickly positiliticize more politicized than normal. it's been a while and i didn't think we would be talking for this reason, but some conservative voices challenged the legitimacy of the labor department numbers when they came up on friday. they said, how is it possible that we created 114,000 j
CNN
Oct 27, 2012 10:00am PDT
plans rely on big growth and this week, some of the biggest and strongest u.s. companies said the growth that we've already got is tepid and slowing. companies like caterpillar, generale electric, 3m, ford, all warning about conditions in europe and china, these are companies that are symbols of american stability, they are worried. so worried that some are laying off workers to cut costs. you remember that move. the problem here is that there's just less money coming into the united states. the candidates aren't talking about the slowdown overseas or the storm that it's fueling, but they claim that they can keep america competitive, create millions of jobs, and cut the deficit. voters understand their big ideas and they like them, but undecided voters aren't sure which guy can turn promises into economic reality. i've got two of the best political minds in the country to break this down for us. candy crowley our chief political correspondent, host of "state of the union with candy crowley" and mark preston, cnn's political director. candy, let's start with you. from the very first prima
CNN
Oct 6, 2012 10:00am PDT
. christine romans has the numbers for us. >> hello. we have an unemployment rate in the united states that dropped to 7.8%. that's down from 8.1%. the prior month. that's one survey. that's the household survey. the other survey of businesses shows net jobs created 114,000 jobs created. below average for the year but a few thousand more than economists were expecting. let me show the long term unemployed. 40% of people out of work in this country have been out of work for six months or longer and then there's the underemployment number. we report this every month. 14.7% of the labor market are either unemployed or working part time. they would like to be working full time. they are not being used to their potential. those are the headline numbers from hat jobs report. >> stay with us. the jobs report numbers were quickly politicized. more quickly than normal. i want to bring in labor secretary hilda solis. good to see you again. it's bean while. i didn't think we would be talking for this reason but some conservative voices challenge the legitimacy of the labor department's numbers wh
CNN
Oct 28, 2012 12:00pm PDT
transit, schools, et cetera. chad meyers with us now to give us an idea on where this storm is. still hovering in the north carolina coast? >> still out there. everybody says it's a category 1 with a mid-latitude low. a mid-latitude low that can make a snowstorm all by itself. all of a sudden you have a mid-latitude low. it's called a snowstorm. add a hurricane to it and all of a sudden you have extra charge. one plus one equals three on this one because you're going to get a super low pressure start. even though it's 75 miles an hour, it has the pressure of a category i category 2, category 3 storm. tropical surge 400 miles on both sides of the eye. you're talking an 800-mile swath. that can produce gusts strong enough to knock down trees, knock down power lines. it will take a long time to put all this back together if the infrastructure is going to get damaged. there is no question about it. we just hope that you pretend that this thing is not a category 1. just make sure you're thinking of 2-3 as you're making your preps, especially if you're along the coast. >> storm surges, that
Search Results 0 to 15 of about 16 (some duplicates have been removed)